Oakwood, IL vs Varna, IL

Oakwood, IL and Varna, IL have a very similar cost of living, with only a 3.1% difference in their overall index. Oakwood scores 66 while Varna scores 64 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Oakwood is $795/month compared to $838/month in Varna — a 5% difference. Interestingly, home values tell a different story: while Oakwood has cheaper rent, Varna actually has lower median home values ($89,000 vs $98,300).

Median household income in Oakwood is $43,894 compared to $61,250 in Varna (-28.3%). Varna offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Oakwood spend roughly 21.7% of their income on rent, more than the 16.4% in Varna.

Climate-wise, both cities share similar average temperatures (52.3°F vs 52.7°F). Oakwood receives more rainfall at 40.4" per year compared to 37.6" in Varna.